The stock of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) hit a new 52-week high and has $43.60 target or 99.00% above today’s $21.91 share price. The 7 months bullish chart indicates low risk for the $111.25M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $43.60 price target is reached, the company will be worth $110.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,846 shares traded hands or 209.01% up from the average. Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) has risen 33.75% since April 15, 2016 and is uptrending. It has outperformed by 29.13% the S&P500.
According to Zacks Investment Research, “CAROLINA BANK HOLDING specializes in lending to entrepreneur-owned businesses and professional associations. Carolina Bank offers an array of value-priced banking products and a seasoned, professional corps of commercial bankers. A hallmark of the bank is fast, responsive decision-making. Customers may access their accounts with a 24-hour telephone banking system and though the Internet. The bank provides customers free ATM access by rebating foreign ATM transaction costs.”
Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.47, from 1.67 in 2016Q1. The ratio fall, as 2 funds sold all Carolina Bank Holding Inc. (NC) shares owned while 8 reduced positions. 5 funds bought stakes while 7 increased positions. They now own 1.93 million shares or 15.25% less from 2.28 million shares in 2016Q1.
Acadian Asset Mngmt Lc owns 805 shares or 0% of their US portfolio. Jcsd Capital Limited Liability Corporation last reported 4.41% of its portfolio in the stock. Smith Salley & Associates accumulated 0.55% or 135,470 shares. Earnest Limited Liability Corp has 1,500 shares for 0% of their US portfolio. Vanguard Grp last reported 0% of its portfolio in the stock. Alliancebernstein Lp accumulated 67,701 shares or 0% of the stock. Elizabeth Park Capital has invested 0.79% of its portfolio in Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH). Springbok Mngmt Lc holds 0.01% or 3,660 shares in its portfolio. Wells Fargo And Mn reported 1,800 shares or 0% of all its holdings. Polar Asset Mgmt Prtnrs, a Ontario – Canada-based fund reported 11,535 shares. Fj Capital Mngmt Limited Liability Company has 0.77% invested in the company for 223,000 shares. Morgan Stanley has 3,500 shares for 0% of their US portfolio. The New Jersey-based Blackrock Investment Mgmt Ltd Liability has invested 0% in Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH). Tower Rech Cap (Trc) last reported 0% of its portfolio in the stock. Wellington Grp Inc Llp has invested 0% of its portfolio in Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH).
Insider Transactions: Since May 31, 2016, the stock had 5 buys, and 7 selling transactions for $260,405 net activity. 733 shares were sold by BROWN GARY N, worth $14,477 on Friday, September 23. $7,480 worth of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) was bought by Barrett James Alexander on Tuesday, May 31. Bumpass Michael F also bought $2,412 worth of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) on Tuesday, May 31. Alt Mary Susan also bought $1,214 worth of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) shares. $2,412 worth of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) was bought by Thompson Kim Anne on Tuesday, May 31. $5,031 worth of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) was bought by HOOPER JAMES E.
More news for Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) were recently published by: Prnewswire.com, which released: “First Bancorp to Acquire Carolina Bank Holdings, Inc.” on June 22, 2016. Globenewswire.com‘s article titled: “Carolina Bank Holdings, Inc. Reports EPS of $0.31 in the Third Quarter” and published on October 27, 2016 is yet another important article.
CLBH Company Profile
Carolina Bank Holdings, Inc., incorporated on August 16, 2000, is a bank holding firm of the Carolina Bank (the Bank). The Bank engages in a general banking business in Guilford, Alamance, Randolph and Forsyth Counties, North Carolina. The Firm operates through three divisions: the Commercial/Retail Bank, the Mortgage Banking Division and the Holding Company. The Bank’s activities are commercially oriented and directed to individuals and small to medium-sized businesses located in its market area and its deposits and loans are derived primarily from clients in its geographic market. The Bank provides commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts and related business and individual banking services. The Bank’s primary service area consists of the cities of Greensboro, High Point, Burlington, Winston-Salem and Asheboro, North Carolina and the areas surrounding Greensboro, High Point, Burlington, Winston-Salem and Asheboro. The Bank’s residential mortgage loan production offices are located in Burlington, Chapel Hill, Pinehurst and Sanford, North Carolina. The mortgage banking division originates residential loans throughout the southeastern United States, primarily North Carolina and contiguous states.
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